Tuesday, November 19, 2019

Tag: insurance

Reinsurance Against Flood

The agreement will allow the NFIP to share flood risk with private reinsurance companies to help defray the cost of claims from large and unexpected insured events, such as large hurricanes, ultimately strengthening the NFIP’s solvency and lessening the burden on taxpayers, according to background information from Munich Re.

Insurance Co. Partners to Build More Flood-Resilient Communities

At a multi-stakeholder roundtable discussion, it was agreed that to improve our flood resiliency, Canadians needed the following conditions to be in place: Canadians understand the risk that overland and urban flood presents to their homes, business and communities

Extreme Weather Identified as a Key Risk in the Emergency Management...

The federal, provincial and territorial governments have developed a resource, the Emergency Management Framework for Agriculture, to improve Canada’s ability to address risks and emergencies, from...

Insurance Bureau of Canada Says Canada Needs a National Flood Program

At a meeting hosted by the Economic Club of Canada in Calgary this week, the Insurance Bureau of Canada (IBC) told the audience that Canada...

Burlington Mayor Calls Meeting to Discuss Overland Flooding Insurance in Ontario

Experts from the Canadian insurance industry and local municipalities gathered on Friday, November 20, 2015 at a forum hosted by Burlington mayor Rick Goldring...

Water Damage Leading Cause of Claims

Forty per cent of all home insurance claims are a result of water damage, says data from insurance provider Aviva Canada Inc. Additionally,...

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